Standard & Poor's has downgraded the credit rating of Glencore International to just one notch above junk status, barely two months after the Swiss privately owned commodities company launched a debut benchmark Eurobond. S&P cut Glencore's rating by one notch to BBB- on concerns about its appetite for risk. Glencore launched its inaugural Eurobond in September via lead managers ABN Amro, Barclays Capital and JP Morgan.

News in brief: S&P downgrades Glencore debt

Glencore

BNP Paribas

Citigroup

JP Morgan

Deutsche Bank

HSBC

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